TOMORROW’S OUTLOOKThe GOP Leadership has announced the following schedule for Wednesday, April 17: The House will meet at 12:00 p.m. for legislative business. The House is expected to begin consideration of H.R. 624 - Cyber Intelligence Sharing and Protection Act (Rep. Mike Rogers (MI) – Intelligence) (Subject to a Rule).

The Daily Quote

“Republicans who supported the fall of sequestration’s ax said a little pain would go a long way in cutting government fat — like the big defense contracts that grow year over year, they said. But what Republicans didn’t expect: The ax would fall hardest on small-business owners, ‘job creators’ the GOP prides itself on protecting from the government. Megagovernment contractors like Lockheed Martin and Boeing are so huge that even a 10 percent cut won’t force them to take the kind of extreme measures that a small operation would, small-business advocates say. Anecdotal evidence from across the country suggests they could be right — with small businesses already handing out pink slips and beginning to cut back on the kind of expenses that ripple through other parts of the economy, like travel and conferences… The spending cuts mean SBA would be able to make 1,928 fewer small-businesses loans, eliminating the flow of $902 million in capital and support for 22,600 jobs in manufacturing, food services, hospitality and other industries, ‘which are still struggling to recover...’ George Mason University economist Stephen Fuller estimated more than 956,000 small-business jobs were at risk from the spending cuts.”